Authorizes financing for specific capital improvement projects at UNC institutions without using state funds.

The bill authorizes the financing of certain capital improvement projects at the University of North Carolina institutions. These projects include an electrical distribution system upgrade at UNC Chapel Hill, an addition to Fetzer Hall, a new parking deck at UNC Wilmington, and a student housing village. The financing is to be done through revenue bonds, special obligation bonds, or a combination of both, without using state funds from the General Fund or State Capital and Infrastructure Fund. The Director of the Budget can authorize changes in project costs or funding methods.

Authorizes financing for specific capital improvement projects at UNC institutions without using state funds.

The bill authorizes the financing of certain capital improvement projects at the University of North Carolina institutions. These projects include an electrical distribution system upgrade at UNC Chapel Hill, an addition to Fetzer Hall, a new parking deck at UNC Wilmington, and a student housing village. The financing is to be done through revenue bonds, special obligation bonds, or a combination of both, without using state funds from the General Fund or State Capital and Infrastructure Fund. The Director of the Budget can authorize changes in project costs or funding methods.